What is the condition for the low estimate for On-Site Training for a Pearce Bespoke franchise?
Pearce_Bespoke Franchise · 2025 FDDAnswer from 2025 FDD Document
On-Site Training4 | $0 | $5,000 | As arranged | As incurred | Lodging, Transportation, and Meals |
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- On-Site Training. Prior to opening your Franchise, you must successfully complete the required training programs. The low estimate assumes you will travel to our Training Facility in Baton Rouge, Louisiana. The high estimate is based on a request that we conduct training at your location, in which case you will be responsible for our expenses associated with travel, lodging, and other reasonable costs that we incur.
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 15–19)
What This Means (2025 FDD)
According to the 2025 Pearce Bespoke Franchise Disclosure Document, the low estimate for on-site training is $0. This assumes that the franchisee will travel to the Pearce Bespoke training facility in Baton Rouge, Louisiana. The franchisee is responsible for their own travel, lodging, and meals.
In contrast, the high estimate for on-site training is $5,000. This higher cost is incurred if the franchisee requests that Pearce Bespoke conduct the training at the franchisee's location. In this case, the franchisee is responsible for covering Pearce Bespoke's expenses, including travel, lodging, and other reasonable costs.
This means a prospective Pearce Bespoke franchisee can significantly reduce their initial investment by traveling to the training facility in Baton Rouge, Louisiana, rather than having the training conducted at their own location. The $5,000 difference could be a substantial factor for franchisees with limited initial capital.